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Auction Property Details

North Star Public House & Flat 294 Laird Street, Birkenhead, CH41 8ER

Lot 23 - 04.04.2017

POSTPONED

For Sale by Auction 4th April 2017

WHY BUY?
10 letting rooms
Recently refurbished
Bar let on 10yr lease £24,000pa
Fully double glazed & central heated
Potential income in excess £70,000pa
Ideal as a HMO subject to consents

DESCRIPTION
This is a large corner property that is configured to provide a fully trading public house as well as residential accommodation to the upper floors. The whole building was refurbished within the last 3 years. The public House is on a 10 year lease with approximately 7/8yrs remaining and rent of £24,000pa. The residential accommodation is accessed through a separate side entrance and spread over the first and second floors. There are 10 x lettable bedrooms, 2 x kitchens, communal lounges, 2 x large bathrooms with shared facilities. Ideal as a 10 Bed HMO subject to receiving all necessary consents. If each room was let at £90pppw the potential income for the residential accommodation would be £46,800pa and added to the income from the bar would total in excess of £70,000pa.

LOCATION
Close to the junction with Hoylake Road and only a few minutes walk from Birkenhead North Rail Station. Birkenhead park is also close by with Birkenhead Town Centre just 2 miles away.

ACCOMMODATION
Public bar: Bar area, seating area, toilets, store, cellar
First floor: Lounge, kitchen, 4 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wc
Second floor: kitchen, 6 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wc
Outside: Yard to rear, on-street parking to front

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Next
Auction

13th September 2017 1.00pm

Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW

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